INTERNATIONAL Marine News
10,000 tonnes of oil lost due to spills in 2024
Ten oil spills of more than seven tonnes were recorded from tanker incidents in 2024, the same number as in 2023, according to ITOPF statistics. According to the data, this brings the decade average to 7.4 tanker spills per year, which is a major reduction from the numbers reported in earlier decades but currently slightly higher than the average for the 2010s (6.3 spills per year).
Furthermore, six of the ten incidents in 2024 resulted in spills greater than 700 tonnes (classified as ‘large’ spills). These mostly involved spills of fuel oil and occurred in South America, Asia and Europe. The four other incidents (classified as ‘medium’ spills) also involved spills of fuel oil. Additionally, two occurred in Europe, one in Asia and one in North America.
Over the past half century, statistics for the frequency of spills greater than 7 tonnes from tankers have shown a marked downward trend. Spills in excess of 7 tonnes have reduced by over 90% since the 1970s. There has however been little change in the last decade.
BIMCO expects Product tanker deliveries to jump 256% in 2025 Product tanker deliveries are projected to surge to 12 million
dwt in 2025, marking a 256% increase from 2024’s 3.4 million dwt and reaching the second-highest delivery record, according to BIMCO. The uptick follows a spike in new orders in 2023 and 2024, raising the order book from 10.6 million dwt in early 2023 to 41.2 million dwt by 2025.
While MR and LR2 tankers dominate the newbuilds, only 7% will be alternative fuel-capable, reflecting slow decarbonization progress. Meanwhile, low recycling rates have left 10% of the fleet over 20 years old, posing challenges to fleet renewal and efficiency despite anticipated 5-6% fleet growth.
MB92 Group acquires superyacht coatings specialist Pinmar Leading superyacht refit, repair, and maintenance company MB92
Group has bought GYG Ltd., the superyacht coatings specialist, service and supply company that trades under the Pinmar, Pinmar Yacht Supply and Technocraft brands. MB92 reports that all brands will continue to operate independently across Europe and the US.
Pepe García-Aubert, chairman of MB92 Group, says: “We are honoured to welcome GYG to the MB92 Group. Over the past 30 years, our collaboration has been rooted in shared values, mutual respect, and a dedication to delivering excellence for our clients. Moving forward, we aim to build on this strong foundation, sharing knowledge and expertise to enhance our services while advancing sustainability and innovation initiatives that benefit the wider superyacht community.”
MB92 will continue to collaborate with a range of providers, giving clients the flexibility to work with their preferred partners while benefitting from MB92’s extensive expertise, developed through managing over ten large-scale paint projects annually across the group.
8 | ISSUE 111 | MAR 2025 | THE REPORT
New wreck removal insurance rules for Norwegian Ships The Norwegian Maritime Authority has issued a guidance
to inform shipowners that, starting on 11 February 2025, Norwegian ships of 300 gross tonnage and above must have approved insurance for the removal of wrecks, in accordance with the Nairobi International Convention on the Removal of Wrecks, 2007.
From this date, the registered owner of a Norwegian ship of 300 gross tonnage and above is required to have approved insurance or other security covering the cost of locating, marking and removing wrecks pursuant to the rules of the Nairobi Convention.
As such, a certificate confirming this insurance or security must be issued, concerning amendments to the Norwegian Maritime Code (removal of wrecks).
Ships that have a Wreck Removal Certificate issued by another Convention State before 11 February 2025 may continue to operate under that certificate as long as it remains valid. When the certificate expires, or becomes invalid for any other reason, a new certificate must be issued by the Norwegian Maritime Authority.
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